North America Broaching Machines Market Forecast to 2028 - COVID-19 Impact and Analysis

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The broaching machines market in North America is expected to grow from US$ 158.53 million in 2022 to US$ 198.30 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2022 to 2028.

Need for high-precision systems and fabricated metal products is the major factor driving the growth of the North America broaching machines market. Broaching tools are designed to manufacture precise custom parts at a high speed. Broaching machines provide benefits such as power saving, high efficiency for high precision mechanical systems. The use of CNC broaching machines for key, gear, and metal cutting benefits manufacturers through energy savings and excellent precision. Electromechanical actuators are progressively replacing hydraulic drives owing to the increase in overall equipment efficiency, by providing better quality products. In recent years, cutting tools like broaching machine, and CNC controls have flagged the way for the elimination of hydraulics and its replacement in many applications by ball screws and servo drives.

The elevating demand for items made from fabricated metal and large industrial machinery, and improvements in the manufacturing techniques are also boosting the broaching machine market. The market for metal fabrication may be less prone to extreme volatility than construction or automotive sectors, allowing broaching machining methods to expand steadily. The machine tool cutting industry accounts for a significant share of metal manufacturing volume compared to the forming technology. Lathes, broaching, drilling, milling, and boring are among the key tools used in machine tool cutting.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America broaching machines market. The North America broaching machines market is expected to grow at a good CAGR during the forecast period.

North America Broaching Machines Market Revenue and Forecast to 2028 (US$ Million)

North America Broaching Machines Market Segmentation

North America broaching machines market is segmented into type, end-user, and country. Based on type, the global broaching machines market is segmented into horizontal broaching machine, vertical broaching machine, surface broaching machine, others. The horizontal broaching machine segment holds the largest market share in 2022. Based on the end user, the global broaching machines market is bifurcated into automotive, metal fabrication, aerospace and defense, oil and gas, others. Metal Fabrication segment holds the largest market share in 2022. Based on country, the North America broaching machines market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2022.

Federal Broach Machine Company, Miller Broach, Nachi-Fujikoshi Corp, Pilot Precision Products (DuPont), Suntech Landriani Machine Tools Pvt. Ltd., The Ohio Broach & Machine Co., and Yeoshe Hydarulics Technology Co. Ltd. are among the leading companies in the North America broaching machines market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America broaching machines market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America broaching machines market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the broaching machines market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: BMIRE00027106

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 North America Broaching Machines Market - By Type
- 1.3.2 North America Broaching Machines Market - By End User
- 1.3.3 North America Broaching Machines Market - By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Broaching Machines Market Landscape

4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. North America Broaching Machines Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand from Automotive and Aerospace Industries
- 5.1.2 Need for High-Precision Systems and Fabricated Metal Products
5.2 Market Restraints
- 5.2.1 High Cost of Machines and Low Replacement Rate
5.3 Market Opportunities
- 5.3.1 Technological Advancements and Automation in Broaching Machines
5.4 Future Trends
- 5.4.1 Rise in Adoption in Oil & Gas and Agriculture Sectors
5.5 Impact Analysis of Drivers and Restraints

6. Broaching Machines Market - North America Analysis

6.1 North America Broaching Machines Market Overview
6.2 North America Broaching Machines Market Forecast and Analysis

7. North America Broaching Machines Market Revenue and Forecast to 2028 - Type

7.1 Overview
7.2 North America Broaching Machines Market, By Type (2021 And 2028)
7.3 Horizontal Broaching Machine
- 7.3.1 Overview
- 7.3.2 Horizontal Broaching Machine: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)
7.4 Vertical Broaching Machine
- 7.4.1 Overview
- 7.4.2 Vertical Broaching Machine: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)
7.5 Surface Broaching Machine
- 7.5.1 Overview
- 7.5.2 Surface Broaching Machine: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)

8. Broaching Machines Market Revenue and Forecast to 2028 - End User

8.1 Overview
8.2 North America Broaching Machines Market, By End User (2021 And 2028)
8.3 Automotive
- 8.3.1 Overview
- 8.3.2 Automotive: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)
8.4 Metal Fabrication
- 8.4.1 Overview
- 8.4.2 Metal Fabrication: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)
8.5 Aerospace & Defense
- 8.5.1 Overview
- 8.5.2 Aerospace & Defense: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)
8.6 Oil & Gas
- 8.6.1 Overview
- 8.6.2 Oil & Gas: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Broaching Machines Market Revenue and Forecast To 2028 (US$ Million)

9. North America Broaching Machines Market - Country Analysis

9.1 Overview
- 9.1.1 North America: Broaching Machines, by Key Country
  - 9.1.1.1 US: Broaching Machines - Revenue, and Forecast to 2028 (US$ Million)
    - 9.1.1.1.1 US: Broaching Machines, By Type
    - 9.1.1.1.2 US: Broaching Machines Market, By End User
  - 9.1.1.2 Canada: Broaching Machines - Revenue, and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 Canada: Broaching Machines, By Type
    - 9.1.1.2.2 Canada: Broaching Machines Market, By End User
  - 9.1.1.3 Mexico: Broaching Machines - Revenue, and Forecast to 2028 (US$ Million)
    - 9.1.1.3.1 Mexico: Broaching Machines, By Type
    - 9.1.1.3.2 Mexico: Broaching Machines Market, By End User

10. Industry Landscape

10.1 Market Initiative

11. Company Profiles

11.1 FEDERAL BROACH AND MACHINE COMPANY
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Miller Broach
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 NACHI-FUJIKOSHI CORP
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Pilot Precision Products (duMont)
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Suntech Landriani Machine Tools Pvt. Ltd.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 The Ohio Broach & Machine Co.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Yeoshe Hydraulics Technology Co., Ltd.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary